American Airlines CEO warns higher fares are coming

DALLAS (AP) — Rising fuel costs are eating into airline profits, dampening expectations for the rest of 2018, and setting the stage for higher fares. Fuel is the airlines' second-biggest expense after labor, so when it rises — at American it was up 40 cents a gallon from a year ago — so does the cost of providing air travel, says American Airlines CEO Doug Parker. "If indeed this is where fuel prices are going to stay, I would expect you would see higher fares to consumers over… (www.usatoday.com) More...